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Monday, October 31, 2022

Global Orthopaedic Implants Market Size To Grow At A CAGR Of 5% In The Forecast Period Of 2022-2027

The ‘Global Orthopaedic Implants Market Analysis, Size, Share, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global orthopaedic implants market, assessing the market on the basis of its segments like product, application, end-uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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Orthopaedic Implants Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 5%

The continuously growing geriatric population is aiding the orthopaedic implant market growth across the globe. They are at a high risk of acquiring degenerative disc disease, and osteoarthritis, and low bone density has been observed among people aged above 65 years, all conditions that can require orthopaedic implants. With the rising occurrences of road accidents, the number of trauma cases is propelling, this is further bolstering the demand for the orthopaedic implants market around the world. The surging number of sports-related injuries is also expected to surge the market growth across the globe.

The drastic shift from conventional invasive procedures to minimally invasive surgeries for the treatment of orthopaedic diseases or disabilities is positively influencing market growth. Orthopaedic implants such as bone screws and bone plates are utilised in spinal fusion surgery as well as fixation of fractured bone segments. Implant components are also utilised for joint and hip replacement for the treatment of back pain. These applications are likely to enhance the market demand over the coming years.

However, the material used in orthopaedic implants needs to be biocompatible to prevent body rejection. Consequences linked with orthopaedic implants such as implants coming loose or breaking in the bone can trigger painful inflammation and infection to the surrounding tissue. This is likely to hamper the growth of the orthopaedic implants market.

Orthopaedic Implants Industry Definition and Major Segments

An orthopaedic implant is a device surgically placed into an individual’s body to reinforce or replacing a damaged structure. They are utilised for hard tissue applications such as joints and bones. Fixation plates can also be implanted to support healing of fractured bones.

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Based on product, the market can be divided into:

  • Plates and Screws
  • Nails and Rods
  • Pins and Wires
  • Others

By application, the market is segregated into:

  • Reconstructive Joint Replacements
    • Hip Replacement
    • Knee Replacement
    • Shoulder Replacement
  • Spine Implants
  • Craniomaxillofacial Implants
  • Dental Implants
  • Trauma Implants
  • Orthobiologics
  • Others

On the basis of end-uses, the market categorised into:

  • Hospitals
  • Orthopaedic Clinics
  • Ambulatory Surgical Centres
  • Others

Based on region, the market is divided into:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East and Africa

Also Check@ Top 7 Companies in the Global Orthopaedic Implants Market

Orthopaedic Implants Market Trends

The global orthopaedic implants market is anticipated to register significant growth during the forecast period owing to the rapid rate of co-morbidities connected to diabetes and obesity. This increases the risk of degenerative joint diseases, particularly in the older population, propelling the market growth of orthopaedic implants.

Young people participating more into fitness and sports activities is increasing the number of corresponding injuries. This is further expected to bolster the market demand for orthopaedic implants all over the world.

Based on region, North America is augmenting the orthopaedic implants market share on account of the increasing ageing population which is consequently boosting the number of patients experiencing osteoporosis and osteoarthritis. The ongoing transition toward minimally invasive procedures is expected to positively impact the market growth of orthopaedic implants across the North American region.

Meanwhile, the Asia Pacific is anticipated to witness considerable growth in the orthopaedic implants market. This is on account of the rising awareness among patients regarding the commercial availability of orthopaedic implants, especially in countries like Brazil, India, and China. Improving healthcare infrastructure along with booming medical tourism are likely to further enhance the market growth across the Asia Pacific in the coming years.

Key Market Players

The major players in the global orthopaedic implants market report are Arthrex, Inc., Johnson & Johnson Services, Inc., CONMED Corporation, Zimmer Biomet Holdings, Inc., Medtronic plc, Stryker Corporation, and Smith & Nephew plc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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